Alarm.com Holdings Q3 Adj $0.56 Beats $0.40 Estimate, Sales $221.85M Miss $224.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alarm.com Holdings (NASDAQ:ALRM) reported Q3 earnings of $0.56 per share, beating the analyst consensus estimate of $0.40 by 40%. However, the company's quarterly sales of $221.85 million missed the analyst consensus estimate of $224.07 million by 0.99%.
November 09, 2023 | 9:24 pm
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NEUTRAL IMPACT
Alarm.com's Q3 earnings exceeded expectations but sales missed estimates. This mixed result could lead to uncertain short-term price movements.
Alarm.com's earnings beat could be a positive signal to investors, potentially driving the stock price up. However, the sales miss could offset this positive impact, leading to uncertainty in the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100